Highlights

  • EWZ targets Brazilian equities.
  • The published expense ratio is 0.59%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI Brazil ETF (NYSE Arca:EWZ) seeks exposure to Brazilian equities. With net asset value of USD 32.30 per share as of 2 November 2026, the fund reported net Assets of USD 9,563,547,247 as of 2 November 2026. Its Investment approach centres on tracking the MSCI Brazil 25/50 index (Net).

Domestic Finance and Resources Share the Allocation

Brazil's listed Equity universe brings together businesses linked to domestic financing conditions and resource markets. Financial companies depend on lending and Credit quality, while energy and materials businesses face different product price and Demand influences. Their combined presence gives the portfolio several distinct economic sensitivities. The country allocation also carries currency exposure when local market values are translated into US dollars.

Portfolio Composition and Exposure

EWZ reported 46 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Financials at 33.62% and Energy at 19.81%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

EWZ lists an expense ratio of 0.59%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is semi-annual. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Brazilian policy decisions, Commodity prices and currency movements can affect holdings. Concentration in large sectors can cause several companies to respond together to changes in domestic financing or global demand. EWZ combines Brazil exposure with a specific financial and resource industry mix, so local economic conditions and global commodity demand both deserve attention.